糖心视频

Chinese regulators are preparing to end a ban on bringing on new users to , on Monday.

It鈥檚 the culmination of an investigation into the company鈥檚 cybersecurity practices, which hammered Didi鈥檚 stock price soon after it went public in the United States. Chinese regulators are expected to release the results of the investigation around the same time as the lift of the ban. That could happen as soon as this week, according to the Journal. Authorities are also lifting new-user limits on and .

Didi鈥檚 public debut was one of the most-anticipated of last year, as the company is more or less the of China. Didi even bought out Uber鈥檚 operations in China and had nearly 500 million annual active users at the time it filed to go public in the U.S. The company had a valuation of around $73 billion at the time of its IPO, according to Crunchbase data.

Chinese regulators began investigating the company鈥檚 cybersecurity operations soon after its $4 billion IPO, and Didi was essentially forced out of the app store. Chinese regulators barred the company from adding new users, which in turn made Wall Street sour on the company and its growth prospects.

Founded in 2012 and based in Beijing, Didi reportedly initiated plans to start delisting from the and re-list in Hong Kong. It鈥檚 unclear where those plans stand, and how lifting the ban on new users and the company鈥檚 return to app stores could affect them.

Didi was backed by investors including , and before its New York Stock Exchange debut last year. Didi鈥檚 stock price opened at $3.06 on Monday morning, down more than 40% from the beginning of the year.

More reading

• Mergers & Money: After Didi, Will New Regulations Make VCs More Leary of Chinese Investments?

• SEC Reportedly Investigating Didi After IPO Flop

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